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Our Bureau

New Delhi, Nov 15

The Centre has announced an additional bonus of Rs 50 per quintal for paddy to be procured by Government agencies in the current 2007-08 marketing season (October-September).

The Centre had earlier, on October 9, declared a bonus of Rs 50 per quintal over and above a minimum support price (MSP) of Rs 645 for common paddy and Rs 675 for grade ‘A’ varieties fixed for the 2007-08 season.

With the Cabinet Committee on Economic Affairs (CCEA), in its meeting here on Thursday, approving an additional bonus of Rs 50, the effective procurement price works out to Rs 745 per quintal for common paddy and Rs 775 per quintal for grade ‘A’ varieties.

The corresponding prices (inclusive of bonus) during the 2006-07 season amounted to Rs 620 and Rs 650, respectively.

Paddy growers will thus be entitled to a total price increase of Rs 125 per quintal this year.

More Stories on : Rice | Agricultural Policy

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Additional Rs 50/quintal bonus for paddy

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